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Boulder Hotel Co Sells 559-Room Florida Hospitality Portfolio

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Boulder Hotel Co., LLC sold a six-property hotel portfolio spread across Southern and Central Florida markets to American Hotel Income Properties REIT (AHIP) for $ 61 million, or about $ 109,000 per unit, excluding roughly $ 10.6 million for brand-mandated property improvement plans (PIP) and customary closing and post-acquisition adjustments. Totaling more than 330,837 square feet in Tampa, Orlando and Southwest Florida markets and near major transportation…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

Post Tagged with 559Room, Boulder, Florida, Hospitality, Hotel, Portfolio, Sells

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Today, Tampa is part of the metropolitan area most commonly referred to as the Tampa Bay Area. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta.[14] The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas.

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